Wheatland Memorial Healthcare
- Assets
- $9.5m
- Revenue
- $10.7m
- Investments
- $280.5k
- Employees
- 97
- Location
- Harlowton, MT
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 81-0392231
Organization Overview
Wheatland Memorial Healthcare is located in Harlowton, MT. The organization was established in 2015. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Wheatland Memorial Healthcare employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheatland Memorial Healthcare is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wheatland Memorial Healthcare generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $8.6m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTHCARE SERVICES TO THE SURROUNDING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A CRITICAL ACCESS HOSPITAL, WHEATLAND MEMORIAL HEALTHCARE PROVIDES A BROAD RANGE OF PRIMARY CARE SERVICES TO THE LOCAL COMMUNITY REGARDLESS OF ABILITY TO PAY. THE OBJECTIVE FOR OPERATING THE HOSPITAL AND ITS VARIOUS DEPARTMENTS IS TO MEET THE MISSION OF BEING RESPONSIVE TO THE COMMUNITIES WE SERVE AND PROVIDING SUSTAINABLE QUALITY HEALTH CARE WITH RESPECT, COMPASSION, AND TEAMWORK.THE HOSPITAL PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. BECAUSE THE HOSPITAL DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THEY ARE NOT REPORTED AS REVENUE. THE AMOUNTS OF CHARGES FOREGONE WERE $40, FOR THE YEAR ENDED DECEMBER 31, 2021. THE ESTIMATED COST OF PROVIDING THESE SERVICES WAS APPROXIMATELY $30 FOR THE YEAR ENDED DECEMBER 31, 2021, CALCULATED BY MULTIPLYING THE RATIO OF COST TO GROSS CHARGES FOR THE HOSPITAL BY THE GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CHARITY CARE TO ITS PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Mcmahon Md | 40 | $297,500 | |
Patricia Morris Radiologist | 40 | $113,554 | |
Lorna Theriault Rn | 40 | $105,312 | |
Kelly Olson Pt | 40 | $103,161 | |
Mandie Smith Laboratory Manager | 40 | $101,806 | |
Richard Moe Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Billings Clinic Management | 12/30/21 | $399,099 |
Eide Bailly It Services | 12/30/21 | $115,143 |
Wipfli Llp Accounting Services | 12/30/21 | $100,975 |
Wapiti Medical Staffing Medical Staffing | 12/30/21 | $251,929 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,316,171 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,617,666 |
| Total Program Service Revenue | $6,968,980 |
| Investment income | $37,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,644 |
| Net Gain/Loss on Asset Sales | $29,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,672,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $525 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,831,419 |
| Pension plan accruals and contributions | $97,637 |
| Other employee benefits | $384,505 |
| Payroll taxes | $297,726 |
| Fees for services: Management | $399,099 |
| Fees for services: Legal | $36,961 |
| Fees for services: Accounting | $99,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,127 |
| Fees for services: Other | $1,570,699 |
| Advertising and promotion | $8,373 |
| Office expenses | $166,963 |
| Information technology | $8,211 |
| Royalties | $0 |
| Occupancy | $158,930 |
| Travel | $24,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,539 |
| Interest | $25,524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $404,089 |
| Insurance | $108,492 |
| All other expenses | $204,581 |
| Total functional expenses | $8,588,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181 |
| Savings and temporary cash investments | $3,234,601 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,692,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $302,697 |
| Prepaid expenses and deferred charges | $6,085 |
| Net Land, buildings, and equipment | $2,061,948 |
| Investments—publicly traded securities | $1,936,975 |
| Investments—other securities | $280,549 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,040 |
| Total assets | $9,522,176 |
| Accounts payable and accrued expenses | $619,137 |
| Grants payable | $0 |
| Deferred revenue | $313,561 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,026 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $383,179 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $340,400 |
| Total liabilities | $1,658,303 |
| Net assets without donor restrictions | $7,478,493 |
| Net assets with donor restrictions | $385,380 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,522,176 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wheatland Memorial Healthcare has recieved totaling $107,000.
| Awarding Organization | Amount |
|---|---|
Charles M Bair Memorial Trust Fund Billings, MT PURPOSE: SUSTAIN REGIONAL HEALTHCARE | $65,000 |
Charles M Bair Family Tr Fund Billings, MT PURPOSE: GRANT FOR CAPITAL CAMPAIGN. | $25,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $17,000 |
Endowment Analysis
| Beg. Balance | $240,638 |
| Earnings | $74,490 |
| Ending Balance | $315,128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Platte Community Memorial Hospital Inc Platte, SD | $26,244,701 | $18,420,342 |
Coal Country Community Health Center Beulah, ND | $16,617,016 | $15,405,413 |
Bennett County Hospital And Nursing Home Martin, SD | $10,964,954 | $14,575,541 |
Pioneer Memorial Hospital & Health Services Viborg, SD | $14,818,916 | $14,876,728 |
Wheatland Memorial Healthcare Harlowton, MT | $9,522,176 | $10,672,311 |
Benefis Community Hospitals Inc Great Falls, MT | $10,772,274 | $9,559,244 |
Bullhook Community Health Center Inc Havre, MT | $10,995,444 | $7,720,491 |
Northern Rockies Medical Center Inc Cut Bank, MT | $8,230,533 | $5,690,436 |
Dahl Memorial Healthcare Association Inc Ekalaka, MT | $5,583,325 | $7,555,532 |
Big Sandy Medical Center Inc Big Sandy, MT | $6,319,048 | $6,358,310 |
Pondera Medical Center Conrad, MT | $19,877,820 | $4,959,999 |
Idaho Hospital Association Boise, ID | $5,527,152 | $4,519,519 |